Pinnacle Partners files Ch. 7
Pinnacle Partners LLC of Quincy, Mass., filed Friday to liquidate under Chapter 7 of the U.S. bankruptcy code.
The company listed assets of less than $50,000 and liabilities in the range of $1 million to $10 million.
The major creditor with a secured claim — a pair of mortgages totaling $600,000 — is South Shore Savings Bank.
A major unsecured creditor is Pinncon LLC of Braintree, listed as holding a claim valued at $103,000.
Pinnacle is represented in the bankruptcy by David B. Madoff of Madoff and Khoury in Foxborough.